Husky Energy Inc.

Husky Energy Inc. July 2018 Husky Energy Inc. July 2018 Value PropositionResilient and Well Positioned to Capture UpsideGrowingFunds Flow and Free CashImproving Cost Structure and Margin CaptureReturns-Focused GrowthRe-Investment and Dividend2 Production and throughput growth from a large inventory of low cost projects = returns-focused growth Low and improving earnings and cash break-evens Strong growth in funds from operations and free cash flow Increasing cash returns to shareholders Integration and fixed-price Asia Pacific sales provide resilience to volatile market conditions while preserving upsideHusky Energy Inc. July '18F '19F '20F '21F '22F3 Updated Five-Year Plan (2018-2022)Plan Remains On Track, Using Flat $60 US WTI $BFunds From Operations CAGR 18F- 22F6%Key Metrics 18F 22F 18F-22 FCAGR1 Funds from operations (FFO)2,3$4B$5B6%Free cash flow (FCF)4$1B$ production (mboe/day)310-320410-4207%Downstream throughputs (mbbls/day)360-370360-370 Thermal bitumen production (mbbls/day)126-13020012%Heavy processing capacity (mbbls/day)190220 Upstream operating cost/bbl$ $11-12 Downstream operatingcosts/bbl(CAD)$7-8$7-8 Earnings break-even oil price (US WTI)5$42$37 Ranges and Targets2018F -2022 FAnnual base dividend$500 MMSustaining capital6 Avg.

Husky Energy Inc. • Returns-focused growth • Investing in a large inventory of low cost projects • Low and improving earnings and cash break-evens • Strong growth in funds from operations and free cash flow • Cash Return to Shareholders • Resilient to volatile market conditions while preserving upside 1 see Slide Notes and Advisories Value Proposition

Loading..

Tags:

  Husky, Energy, Husky energy inc

Information

Related search queries